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Health Care Sector Update for 10/29/2018: RKDA, TXMD, PFE, NVS

Top Health Care Stocks:

JNJ: +0.5%

PFE: -0.8%

ABT: flat

MRK: +0.9%

AMGN: flat

Health care stocks were mixed in pre-bell trading Monday.

Stocks moving on news include:

(+) TherapeuticsMD ( TXMD ) rose 10% after it said that the United States Food and Drug Administration has approved Bijuva, a hormone therapy for hot flashes due to menopause in women.

In other news,

(+) Arcadia Biosciences ( RKDA ) rose more than 4% after the company and Bioceres said that their joint venture Verdeca obtained regulatory approval from Argentina's Secretariat of Food and Bioeconomy for its HB4 drought tolerant trait stacked with herbicide tolerant traits in soybeans.

(-) Pfizer ( PFE ) edged lower after it said that it has signed a non-exclusive clinical development agreement with Novartis ( NVS ) to explore one or more combination therapies for the treatment of non-alcoholic steatohepatitis (NASH).

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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